Vikram Pandit Receives Massive Bonus While Citigroup Slashes Jobs

In a common refrain, a high-level executive is getting a big bonus while his employees receive pink slips. Only this time, it's happening on Wall Street.

Vikram Pandit, chief executive of Citigroup, the nation's third largest bank, is receiving $14.9 million in compensation for his work in 2011, according to The Wall Street Journal. Nine-tenths of Pandit's pay comes from his bonus -- the CEO's first since 2008 -- which includes $7.8 million in stock options and $5.3 million in cash.